The Americas

Thanks to the boom in shale gas, the US chemical market in particular has been undergoing a renaissance since 2009. Over the past few years, annual chemical production in the Americas has risen by 3.6 percent on average. Investments have climbed 10 percent during the same period. The chemical industry on the other side of the Atlantic is dominated by two countries. The US chemical sector accounts for 90 percent of chemical sales in North America. The main player in South America is Brazil, which represents 51 percent of chemical sales there.

Annual Report 2015

Construction

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Construction

Ceramic tiles are decorative, easily cleaned and hygienic, which is why they are such a familiar sight in bathrooms and living areas. Modern tile adhesives, enhanced with dispersible polymer powder from WACKER, are part of this success story. They make it possible to install large tiles easily and securely.

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Construction

Ceramic tiles are decorative, easily cleaned and hygienic, which is why they are such a familiar sight in bathrooms and living areas. Modern tile adhesives, enhanced with dispersible polymer powder from WACKER, are part of this success story. They make it possible to install large tiles easily and securely.

01 Sales / Cost of Goods Sold / Other Operating Income / Other Operating Expenses

Cost of goods sold includes the following reversals (+) / recognitions (-) of impairments of inventories

1.6

-5.6

Other operating income

Income from currency transactions

196.2

113.3

Income from reversal of provisions

3.5

3.4

Insurance compensation

2.7

4.9

Income from reversal of valuation allowances for receivables

1.7

1.0

Income from disposal of property, plant and equipment and financial assets

3.3

1.1

Income from the appreciation of noncurrent assets

0.5

–

Income from incentives /grants

2.6

4.2

Income from the termination of long-term supply contracts and damages received

137.6

206.3

Other operating income

29.3

30.9

Total

377.4

365.1

Other operating expenses

Losses from currency transactions

-265.3

-96.2

Losses from valuation allowances for receivables

-0.5

-2.3

Losses from disposal of assets

-3.1

-10.6

Losses from impairment of fixed assets

-0.1

-9.5

Other operating expenses

-143.7

-63.0

Total

-412.7

-181.6

In the previous year, impairments on noncurrent assets no longer in use were carried out at Siltronic.

Income from the termination of long-term supply contracts and from the retention of advance payments relates in both 2015 and 2014 to advance payments retained and damages received from terminated or restructured contracts with polysilicon customers.

Other operating expenses mainly comprise costs that cannot be capitalized relating to the construction of polysilicon facilities in Charleston, Tennessee (USA).